Zacks Research Analysts Reduce Earnings Estimates for Huntington Ingalls Industries, Inc. (NYSE:HII)

Huntington Ingalls Industries, Inc. (NYSE:HII) – Analysts at Zacks Research reduced their Q3 2024 earnings per share estimates for shares of Huntington Ingalls Industries in a research report issued to clients and investors on Tuesday, October 15th. Zacks Research analyst R. Department now expects that the aerospace company will earn $3.85 per share for the quarter, down from their prior estimate of $3.97. The consensus estimate for Huntington Ingalls Industries’ current full-year earnings is $16.56 per share. Zacks Research also issued estimates for Huntington Ingalls Industries’ Q4 2024 earnings at $4.35 EPS, FY2024 earnings at $16.45 EPS, Q2 2025 earnings at $4.42 EPS, Q3 2025 earnings at $4.64 EPS, Q4 2025 earnings at $5.39 EPS, FY2025 earnings at $18.57 EPS, Q1 2026 earnings at $4.97 EPS, Q3 2026 earnings at $5.47 EPS and FY2026 earnings at $21.40 EPS.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, August 1st. The aerospace company reported $4.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.61 by $0.77. Huntington Ingalls Industries had a return on equity of 18.55% and a net margin of 6.35%. The firm had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $2.84 billion. During the same period in the prior year, the business earned $3.27 EPS. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year.

A number of other research firms have also commented on HII. JPMorgan Chase & Co. lowered Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and increased their price target for the company from $280.00 to $285.00 in a research report on Monday, September 9th. Wolfe Research lowered Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. Finally, Vertical Research lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 target price for the company. in a research report on Thursday, October 10th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $290.00.

Huntington Ingalls Industries Price Performance

Shares of HII opened at $260.66 on Wednesday. The stock has a market cap of $10.28 billion, a P/E ratio of 14.69, a P/E/G ratio of 2.25 and a beta of 0.52. The business’s fifty day moving average is $266.08 and its 200 day moving average is $261.87. Huntington Ingalls Industries has a 12-month low of $212.58 and a 12-month high of $299.50. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 0.41.

Institutional Trading of Huntington Ingalls Industries

A number of large investors have recently modified their holdings of the business. SteelPeak Wealth LLC purchased a new position in shares of Huntington Ingalls Industries during the 2nd quarter valued at about $1,769,000. SG Americas Securities LLC boosted its holdings in Huntington Ingalls Industries by 950.1% in the first quarter. SG Americas Securities LLC now owns 38,454 shares of the aerospace company’s stock worth $11,208,000 after acquiring an additional 34,792 shares in the last quarter. Los Angeles Capital Management LLC boosted its holdings in Huntington Ingalls Industries by 26.0% in the first quarter. Los Angeles Capital Management LLC now owns 20,458 shares of the aerospace company’s stock worth $5,963,000 after acquiring an additional 4,217 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Huntington Ingalls Industries by 30.5% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 49,805 shares of the aerospace company’s stock worth $14,517,000 after acquiring an additional 11,647 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Huntington Ingalls Industries during the first quarter valued at $1,821,000. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $1.30 per share. The ex-dividend date was Friday, August 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.99%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 29.31%.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.